Business
Seme Customs Nets N701m In Aug
The Nigeria Customs Service, Seme Command says it collected N701million as revenue for the month of August.
A statement released in Badagry last Monday by the command’s Public Relations Officer (PRO), Mr Selchang Taupyen said that the command succeeded in collecting so much by blocking all revenue leakages at the border.
“In the month of August, the command generated the sum of N701,018, 536 million as revenue for the Federal Government.
“The amount was N201, 364,081 million higher than the N499,654, 455 that was generated in July.
“The command has deployed all strategies and has brought every professional dexterity to the fore in order to boost revenue generation at the border despite the daunting challenges.
“From January to date, the revenue figure has been dependent on the volume of importation through this corridor which has been limited by low economic activities in the area.
“We are determined to generate more revenue as the year draws to a close and we are committed to achieving that,” Taupyen quoted the Comptroller of the command, Mr Mohammed Aliyu, as saying.
He further said that 48 seizures were made with a duty paid value of N32.8 million.
He added that the command seized 100 bags of 50kg fertiliser and 1,840 cartons containing mosquito coil, insecticide, soap, cream, second hand clothing and bags, among others.
“The command’s anti-smuggling efforts have yielded the desired result in seizures of import prohibitions.
“The seizures were made through intelligence-sharing among operational officers and most importantly, no casualties were recorded,” the PRO said.
He advised members of the public to desist from smuggling and engage in legitimate business.
Business
Agency Gives Insight Into Its Inspection, Monitoring Operations
Business
BVN Enrolments Rise 6% To 67.8m In 2025 — NIBSS
The Nigeria Inter-Bank Settlement System (NIBSS) has said that Bank Verification Number (BVN) enrolments rose by 6.8 per cent year-on-year to 67.8 million as at December 2025, up from 63.5 million recorded in the corresponding period of 2024.
In a statement published on its website, NIBSS attributed the growth to stronger policy enforcement by the Central Bank of Nigeria (CBN) and the expansion of diaspora enrolment initiatives.
NIBSS noted that the expansion reinforces the BVN system’s central role in Nigeria’s financial inclusion drive and digital identity framework.
Another major driver, the statement said, was the rollout of the Non-Resident Bank Verification Number (NRBVN) initiative, which allows Nigerians in the diaspora to obtain a BVN remotely without physical presence in the country.
A five-year analysis by NIBSS showed consistent growth in BVN enrolments, rising from 51.9 million in 2021 to 56.0 million in 2022, 60.1 million in 2023, 63.5 million in 2024 and 67.8 million by December 2025. The steady increase reflects stronger compliance with biometric identity requirements and improved coverage of the national banking identity system.
However, NIBSS noted that BVN enrolments still lag the total number of active bank accounts, which exceeded 320 million as of March 2025.
The gap, it explained, is largely due to multiple bank accounts linked to single BVNs, as well as customers yet to complete enrolment, despite the progress recorded.
